November 5, 2008

Not Holding


By mid-day its obvious that the market is not holding up. The chart above of the Dow shows the recent up move from a low 0f 8175 to 9625, that's 1450 points or 18%. That's a big move in 6 days. It would not be surprising for some profit taking here, maybe giving back 1/3 to 1/2.

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